FactoryWare Appoints EVP of Sales and Operations; Aaron Martin to Aid Enterprise Expansion of Award-Winning Software Company

    EVANSTON, Ill.--Feb. 4, 2002--FactoryWare, Inc. announced today the appointment of Aaron Martin as executive vice president responsible for sales and operations. Mr. Martin comes to FactoryWare from Equidity, Inc., a financial services enterprise software company funded by such investors as New Enterprise Associates, FBR, Safeguard, and others. The company was sold to Sanchez Associates in 2001. As a co-founder of Equidity, Mr. Martin had extensive experience in enterprise software sales and strategic partnerships with Fortune 500 companies.
    "FactoryPulse(TM), our award-winning, real-time productivity analysis system, is rapidly gaining market share and advanced functionality," said John Oskin, President of FactoryWare, Inc. "We needed someone with enterprise sales experience, but more importantly, a vision for taking FactoryWare to the next level. Mr. Martin has exciting plans for our expansion into a higher level market."
    "I'm coming on board at FactoryWare during a very exciting time," said Mr. Martin. "We're poised to make tremendous inroads into enterprise-level markets with our upcoming software. With a proven track record at many highly visible customer sites, FactoryWare has a great future."
    Prior to co-founding Equidity, Mr. Martin was a consultant with McKinsey & Company and at the Thomas Group where he worked with both plant level and corporate manufacturing managers solving operational problems in quality and cycle time. He leveraged this line-level experience in developing pragmatic solutions to senior managers at Fortune 500 manufacturing companies. Aaron holds an MBA in finance from Wharton Business School.

    About FactoryWare, Inc.

    Located in Illinois, FactoryWare Inc. was founded in 1995. FactoryWare Inc. offers cost effective, results oriented, easy to use information tools for the manufacturing industry. FactoryWare's flagship product, The FactoryPulse(TM) System, introduced in 1996, is an integrated, rapid deployment hardware and software system designed to analyze productivity through cycle time and downtime analysis. The company serves a diverse customer base including companies such as General Electric, Hershey's, Motorola, GM, Harley-Davidson, and Michelin among others.
    FactoryWare, Inc. helps customers achieve higher levels of productivity through continuous process improvement. Through a unique combination of hardware and software, the Factory Pulse system is one of the few real-time systems that can be used on older machinery that may not be computer controlled. It can also be used to analyze both automatic and manual processes. Contact FactoryWare at (847) 869-0784 or visit the Web site at www.factoryware.com.

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